Tencent (OTCMKTS:TCEHY) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Tencent Holdings Limited (OTCMKTS:TCEHY)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $50.45 and traded as high as $52.35. Tencent shares last traded at $51.52, with a volume of 1,915,215 shares changing hands.

Analyst Upgrades and Downgrades

Separately, New Street Research raised shares of Tencent to a “strong-buy” rating in a research note on Monday, September 9th.

Tencent Stock Performance

The company has a market cap of $477.46 billion, a price-to-earnings ratio of 27.12 and a beta of 0.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.35. The company has a fifty day moving average of $52.94 and a two-hundred day moving average of $50.45.

About Tencent

Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.